Car Parking and Location Charges Qualify for Tax Deduction u/s 80IB(10) as Part of Housing Project Profits. https://www.taxtmi.com/highlights?id=54634 Deduction u/s 80lB(10) - Profit attributable to Car parking space and preferential location charges - Since these are integral part of the housing project, the profit derived from sale of car parking space as well as on PLC & HEC is eligible for deduction u/s. 80IB (10) of the Act since deduction u/s 80 IB is available in respect of eligible housing project. - AT en-us Sat, 05 Sep 2020 22:30:43 +0530 Sat, 05 Sep 2020 22:30:43 +0530 TaxTMI RSS Generator Car Parking and Location Charges Qualify for Tax Deduction u/s 80IB(10) as Part of Housing Project Profits. https://www.taxtmi.com/highlights?id=54634 Deduction u/s 80lB(10) - Profit attributable to Car parking space and preferential location charges - Since these are integral part of the housing project, the profit derived from sale of car parking space as well as on PLC & HEC is eligible for deduction u/s. 80IB (10) of the Act since deduction u/s 80 IB is available in respect of eligible housing project. - AT Highlights Income Tax Sat, 05 Sep 2020 22:30:43 +0530 https://www.taxtmi.com/highlights?id=54634